Just a month after it became India’s latest unicorn (a startup valued at over $1 billion), hotel-room aggregator OYO has hired a professional with an ace track record to head its business in its largest markets—India and Nepal. On Nov. 15, the Gurugram-based company said it has appointed Aditya Ghosh CEO for the two markets. Most recently, Ghosh was president at the budget aviation firm IndiGo Airlines, one of the few profitable companies in the industry. He resigned from the company in April with plans to start a new venture.
“A seasoned professional like Aditya (Ghosh) will bring on board experience of scaling up effectively. Generally, a young founder is not necessarily equipped to handle scale and global expansion,” said Sanchit Vir Gogia, chief analyst and CEO of Greyhound Research.
[Quartz]
Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
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